BITCOIN Box Patters To Continue???

This type of chart pattern is getting kinda boring. It's literally no movement, with short huge bursts. There's not continuation, and it's not really interesting.

We've been seeing these types of patterns for a while, and it almost helps make it a bit more predictable. I think there's a strong case for some more sideways trading, followed by a bull spike, more consolidation, then a pullback to test lower lows again.

4-hr RSI's are still hit pretty hard, so it would make sense the bulls would try to come in and rally prices a bit. Otherwise, we're still looking at a lot of potential for bears to control prices for the longer term.

Remember, the correction from 2013-2015 took about a year and a half to bottom, so we're still looking at about another six months or so if the cycle continues.